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weak economy. the market is now open, where are we? we're up about 20, 30 points as expected and puts the dow at 13-1 five days to the election and we're going to call these sandy stocks, these are stocks receiving a lot of attention, they're moving because of the storm and we're going to start with gen-rack, and makes home generators, that took off a little bit and up more today. earthmovers, the going to dig us out and rebuild and caterpillar closed up yesterday, a little more today. home depot, how many are shopping this to start making repairs. stock up yesterday and today. travelers, a dow componentttook a hit yesterday and down a little more today. so, the trends of yesterday continue in this post sandy period. to nicole, exxon, they reported lower profits that are better than expected, apparently. when exxon reports, you have to ask how much they pay in tax, i've got a number. 24.2 billion dollars in a quarter. so what's the stock doing? >> the stock is to the down side, down nearly 1%. and the issue with dow component exxon is
weak economy. the market is now open, where are we? we're up about 20, 30 points as expected and puts the dow at 13-1 five days to the election and we're going to call these sandy stocks, these are stocks receiving a lot of attention, they're moving because of the storm and we're going to start with gen-rack, and makes home generators, that took off a little bit and up more today. earthmovers, the going to dig us out and rebuild and caterpillar closed up yesterday, a little more today. home...
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economy and the federal debt. and all of those things are certainly weighing on the retail investor's mind and definitely they're been moving to conservative position, as have been this, they've been protecting liquidity and building their positions and fairly risk averse, now, hopefully i'm cautiously optimistic on the u.s. economy that once they get through this election, regardless of who wins, our leaders in washington come together and develop a plan to deal with our fiscal challenges. >> well, springs eternal, we'll see, i was saying teddy, teddy weisberg, teddy was here the last time we had a two day disruption in 1888 and now, must be living history all over again. teddy. how do you think it's going today? >> well, i think it's going to be a normal day, neil. and you know, perhaps a little pentup demand and we've had to sit at home for two days and think about what we're going to do. you know, it's the last day of the month so that makes it a little unusual and the last day for the fiscal year for a lot of
economy and the federal debt. and all of those things are certainly weighing on the retail investor's mind and definitely they're been moving to conservative position, as have been this, they've been protecting liquidity and building their positions and fairly risk averse, now, hopefully i'm cautiously optimistic on the u.s. economy that once they get through this election, regardless of who wins, our leaders in washington come together and develop a plan to deal with our fiscal challenges....
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lori: first address this issue how your respondents view the economy. that is significant leg down in terms of how bullish they are. >> i would say so. it is rare to see a poll below 50% bulls. extraordinary to see a poll where bearish contingent effectively doubles and i think people are very worried about the economy and the money managers are worried about washington, they're worried about a lot of things. melissa: if you look at the breakdown how they invest in light of that, especially by sector it is interesting to see that they're a big group, thinks that financials are the best place to put their money. also a big group thinks it is the worst place. how can they be sort of so divided on financials and sew focus on them at the same time. >> that is good thing. people that sell have people that want to buy. that is a great point. what do they say about financials? why do you think they are so focused, folks who liked them, what did they say about it? >> they feel the financial sector has a lot of problems now under control. certainly different fro
lori: first address this issue how your respondents view the economy. that is significant leg down in terms of how bullish they are. >> i would say so. it is rare to see a poll below 50% bulls. extraordinary to see a poll where bearish contingent effectively doubles and i think people are very worried about the economy and the money managers are worried about washington, they're worried about a lot of things. melissa: if you look at the breakdown how they invest in light of that,...
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Oct 31, 2012
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this economy. this is not a time where people, the american people right now are being con descended to by a national liberal press as well, acting if every voter, every likely voter is a complete moron who has to be guided into the final hours to be pushed into the booth and so they can vote for the candidate that makes most sense. very simple questions here, who refused more security for benghazi? who was it who refused to rescue four americans? who is responsible for the past four years? and this country as president of the united states and does that record satisfactory? if you want more, there it is. melissa: would it be cynical of me to say chris christie also wants the dollars the president brings with him? >> he will get the dollars no matter what. melissa: then i won't say it. be positive. i won't throw the out there. >> but the question you suggest is absolutely apt. why in the world this, this level of, if you will --. melissa: lovey-dovey? ashley: photo-ops. >> creates political and int
this economy. this is not a time where people, the american people right now are being con descended to by a national liberal press as well, acting if every voter, every likely voter is a complete moron who has to be guided into the final hours to be pushed into the booth and so they can vote for the candidate that makes most sense. very simple questions here, who refused more security for benghazi? who was it who refused to rescue four americans? who is responsible for the past four years? and...
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the question is, is the economy poised for a takeover or not? nobody would look at this picture and say this proves what happened over the last four years has been wildly successful. the question is what are we poised for over the next few years, the next few months even. it is a long climb back to anyone's estimation. more about what is coming as opposed to what has happened in the past and that is what the argument is about in politics, what is coming next. you want four more years of this job growth, stick with the guy you have got. they say we are poised for takeoff. dennis: thank you very much. cheryl: more breaking news into fox business. his view of new york city mayor bloomberg touring the damage from super storm sandy in brooklyn, looking at this point that's not what is happening talking to residents who expect to hear from bloomberg at the bottom of the hour, we expect to have a news conference to get an update on this situation here in new york city. lines that stretched for miles, tempers flaring and new reports of gasoline rationin
the question is, is the economy poised for a takeover or not? nobody would look at this picture and say this proves what happened over the last four years has been wildly successful. the question is what are we poised for over the next few years, the next few months even. it is a long climb back to anyone's estimation. more about what is coming as opposed to what has happened in the past and that is what the argument is about in politics, what is coming next. you want four more years of this...
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economy going forward. that's not going to be well for obama, but we'll see. dennis: governor christie, singing obama's praises and the liberal press loving that. that impact anything? >> i don't know if it has impact. it's a natural outgrowth. chuck schumer asking new york to be paid back 90% damage from the federal government. governors and mayors try to get maximum dollar from the federal government during natural catastrophes. i'm not sure going to effect the presidential race at this point, and i don't think necessarily the it's the only game in town. there's a slow drift of news about ben gay disci -- ben gay disci -- ben gay city. the name of the game comes down to ohio; right? dennis: markets open for business, but two days in the dark, whand? cheryl: trading firm liquidness, ceo joining melissa and ashley next as "markets now" which is now trading continues. he loves. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he
economy going forward. that's not going to be well for obama, but we'll see. dennis: governor christie, singing obama's praises and the liberal press loving that. that impact anything? >> i don't know if it has impact. it's a natural outgrowth. chuck schumer asking new york to be paid back 90% damage from the federal government. governors and mayors try to get maximum dollar from the federal government during natural catastrophes. i'm not sure going to effect the presidential race at this...
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economy is nowhere near a real recovery? joining me now, chief global equity strategist at jefferies. tommy coming october jobs report, would you characterize it as more good were more bad news? speak what was more good news. we have had over the last quarter, factory order numbers as well over the last 24 hours but the key has been with head spinning the companies coming into the u.s. election and presumably ahead of the fiscal cliff discussions. that will still be a drag for growth alongside what we have seen from hurricane sandy and the gdp numbers. we'll still trend lower in the macro data pieces. employment data was actually slightly better, but in the whole scheme of things i think things are still slightly weaker toward the end of the year. lori: what i think in terms of gdp points? >> the estimates probably the early estimates probably shave off about a half a percent during this quarter which will mean early estimates about 1% gdp for fourth quarter. down about a half, it will have a meaningful impact unfortunately
economy is nowhere near a real recovery? joining me now, chief global equity strategist at jefferies. tommy coming october jobs report, would you characterize it as more good were more bad news? speak what was more good news. we have had over the last quarter, factory order numbers as well over the last 24 hours but the key has been with head spinning the companies coming into the u.s. election and presumably ahead of the fiscal cliff discussions. that will still be a drag for growth alongside...
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Oct 29, 2012
10/12
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very important for traders and the economy. with hurricane sandy bearing down on the east coast both president obama and mitt romney have been forced to change their campaign scandals. one thing that has been settled. the labor department planning to release the october jobs report, the last one before the election. peter barnes is in washington with the latest on that. peter. >> we're in the briefing room in the white house. we're in the middle of a political campaign, the race for the presidency and the president deciding this morning to skip a campaign in florida to get back here to the white house. he also canceled a campaign event in wisconsin scheduled for tomorrow. the white house said he wanted to be here to stay on top of hurricane sandy and to direct the federal response. he met with his homeland security team here at the white house this morning in the situation room. afterwards briefed reporters who asked him if he was concerned that the storm might have any impact on next week's election? >> i am not worried at thi
very important for traders and the economy. with hurricane sandy bearing down on the east coast both president obama and mitt romney have been forced to change their campaign scandals. one thing that has been settled. the labor department planning to release the october jobs report, the last one before the election. peter barnes is in washington with the latest on that. peter. >> we're in the briefing room in the white house. we're in the middle of a political campaign, the race for the...
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last big snapshot of the economy before the election. unemployment rate rose to 7.9%, this is the politically important number. 7.9. 171,000 jobs created, an improvement, but not a good robust number. look at this, 269,000 fewer part-time workers this month. and these are people working part-time who want more hours, the drop offset some of the unusual increase that we saw last month. the market's not reacting one way or the other right now the dow industrials are stable with a minus 36 reading. four days since hurricane sandy. many hard hit areas of new york and new jersey are not getting the help they need. trees are on power lines, blocking roads. one crew that came all the way from alabama to help turned away because they weren't union. that's the story we've got for you, 90 seconds from now. >> i've got another hurricane sandy outrage story. utility crews who drove from alabama to donate their time and equipment to help rebuild new jersey were turned away. their workers were told they cannot help because they would not join a union.
last big snapshot of the economy before the election. unemployment rate rose to 7.9%, this is the politically important number. 7.9. 171,000 jobs created, an improvement, but not a good robust number. look at this, 269,000 fewer part-time workers this month. and these are people working part-time who want more hours, the drop offset some of the unusual increase that we saw last month. the market's not reacting one way or the other right now the dow industrials are stable with a minus 36...
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we have a complete economy. the only thing saying the economy are hard working entrepreneurs, small business people, ceos, people who are being creative. we are still hobbling along. what we need is a reagan recovery of 1 million jobs a month and until we get that the market could still go about this economy is going nowhere. cheryl: back to the adp no. it was corporations and they change the way they tabulate the numbers because of the partnership with moody's but these are large scale corporations that are hiring. maybe there's a positive trend we are ignoring. >> and won't that there's some hiring going on but i don't know it is 100,000 or 200,000. i think is 75,000. as my prediction for the number tomorrow. the call the change between moody's and macro economic advisers previously working on the number timely because they got a good number right before the election but let's not forget they take the survey for the unemployment rate and the non-farm payroll number in the third weekend second week of the month
we have a complete economy. the only thing saying the economy are hard working entrepreneurs, small business people, ceos, people who are being creative. we are still hobbling along. what we need is a reagan recovery of 1 million jobs a month and until we get that the market could still go about this economy is going nowhere. cheryl: back to the adp no. it was corporations and they change the way they tabulate the numbers because of the partnership with moody's but these are large scale...